Europe

CDB Aviation, an Ireland-based subsidiary of China Development Bank Financial Leasing Co, has raised a $660m portfolio financing from banks.

Liberum has hired Nicholas How from Peel Hunt to oversee its support services and industrials investment banking team, which includes two other new faces.

MUFG is implementing a new hybrid work policy in EMEA that enshrines flexible working patterns that were introduced during the pandemic.

KfW cut a lone figure in the quiet summer bond market on Wednesday, launching a tap of a 2030 line and securing a well subscribed book.

Bank syndicates have been appointed for two of the equity capital markets deals expected in the autumn: the capital increase of e-commerce platform Cnova and the IPO of GreenYellow, the renewable energy business. Both are subsidiaries of Casino, the French supermarket chain.

NatWest Group said on Friday that the “reshaping” of its investment banking arm, NatWest Markets, would be largely complete by the end of the year, after it moved a further 500 staff out of NWM in the second quarter.

The Bank of England will hold a key monetary policy meeting on Thursday, where market participants hope to glean some insights on how the Bank will react to the UK’s surging rate of inflation.

Banca Monte dei Paschi di Siena’s tier twos are see-sawing in the secondary market, as investors try and determine the fate of the bonds following merger interest from UniCredit.

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The ECB, as of this week, holds over a third of Greece’s government debt with its purchases showing no signs of slowing. But the end of the Pandemic Emergency Purchase Programme, scheduled for March next year, may mean a sudden halt.

Berenberg has hired a fourth senior equity syndicate banker to cover France and southern Europe, amid big plans to expand its investment banking business, with new offices and teams in Brussels and Stockholm.

UBS was hot on the heels of Credit Suisse with a new issuance in the dollar market this week, as banks spy an opportunity to get funding done in early August.